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How Might a Poisson Probability Distribution Be Used in Business

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How might a Poisson probability distribution be used in business processes?


Definitions:

Logos

In rhetoric, logos refers to the appeal to logic where persuasion is achieved through logical reasoning and evidence.

Intrinsic Benefits

Refers to advantages that come inherently or naturally from engaging in a particular activity, without any external rewards.

Complying

Acting according to a command, request, law, or wish.

Request

A solicitation or petition for something to be provided or performed, often communicated in a polite or formal manner.

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